The Bases Conversion and Development Authority (BCDA) is a Government-Owned and -Controlled Corporation under the Office of the President of the Republic of the Philippines. It is a government instrumentality vested with corporate powers under Republic Act 7227 (Bases Conversion and Development Act of 1992), signed into law by former President Corazon C. Aquino last March 13, 1992. The BCDA Charter was as amended by RA 7917 in 1995, and further amended by RA 9400 in 2007. Mandated to transform former US military bases into alternative productive civilian use.